XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
A descending movement down to the next support line at 2.965200000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.013500000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Furthermore a ‘Two Crows’ chart pattern is found. The candles show ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.185800000 |
| 2nd High | 3.139700000 |
| Next High | 3.013500000 |
| Current Price | 2.957400000 |
| Next Low | 2.965200000 |
| 2nd Low | 2.964200000 |
| 3rd Low | 2.953200000 |
3.013500000 – 3.009100000 – 3.139700000 – 2.965200000 – 2.978400000 – 2.981400000 — 38.91249055953 – 36.068614615778
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –